What is Point of Sale POS?

What is Point of Sale POS?  A retail point of sale system typically includes a cash register (which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner) and the majority of retail POS systems also include a debit/credit card reader.

History of the Point of Sale POS System

Fact: One of the first microprocessor-controlled cash register systems was built by William Brobeck and Associates in 1974, for McDonald’s Restaurants.  It used the Intel 8008, a very early microprocessor

  1. In August 1973 IBM released the IBM 3650 and 3660 store systems that were similar to a mainframe computer used as a store controller that could control up to 128 IBM 3653/3663 point of sale registers.
  2. In 1986, Gene Mosher introduced the first graphical point of sale software under the ViewTouch trademark on the 16-bit Atari 520ST color computer.  It was known as the first commercially available POS system with a widget-driven color graphic touch screen interface and was installed in several restaurants in the USA and Canada.
  3. In 1992 Martin Goodwin and Bob Henry created the first point of sale software that could run on the Microsoft Windows platform named IT Retail.
  4. OPOS (OLE for POS) was the first commonly adopted standard and was created by Microsoft, NCR Corporation, Epson and Fujitsu-ICL.
  5. Cloud-based POS systems are also created to be compatible with a wide range of POS hardware

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